Total Members Voted: 257
If one has no assets, any reason to have more than state minimum?
It's not worth declaring bankruptcy because the damage is a few $k over your insurance coverage. If it's $1m over, you don't really have a better option, but you wan to make sure you have coverage for reasonably likely scenarios.
my wife was in a no fault accident and the other insurance is fully liable and paying (there was a police report) I didn't tell my insurance about the accident rather went straight to the other insurance should i expect my rates to go up?
I think they idea is the insurance won't pursue. Again IANAL